Consortium Founder Sean Worthington's patent for the underlying technology that makes CloudCoin work has been granted by the US Patent and Trademark Office.

This means the patent application, entitled "Method of Authenticating and Exchanging Virtual Currency,
"
will be protected from infringement or encroachment for a decade after
issuance. We now know the network of distributed, decentralized and
independent servers, described in the patent application, as RAIDA
(Redundant Array of Independent Detection Agents).

This
is huge news for CloudCoin! The USPTO approval is a strong affirmation
of the value of the underlying protocol as a novel system for
authentication, as well as for its use as a blockchain alternative or
possible amelioration/supplement to overcome blockchain inefficiencies.

The
patent will become officially "issued" (rather than "granted") after
any "child patent" applications are included. Child patents can be filed
while the parent application is pending and links any future claims to
the priority of the first. The child patents may fall into three
classes: continuation (new claims about uses of the same patented
protocols), divisional (separating different elements of the patented
protocols) or continuation-in-part (new and different claims about the
potential of the technology).

Examples
of child patents would be any additional specific, new or different
applications for the same technology--and there have been many developed
since Worthington first filed almost three years ago (April 2017).